Tesla reports FY26Q1 results with 16% revenue growth and 136% increase in operating income

• Total vehicle deliveries reached 358,023 units, with automotive gross margin excluding regulatory credits at 19.2% and free cash flow rising to $1.44 billion.
• Active FSD subscriptions grew 51% to 1.28 million and services revenue increased 42% to $3.7 billion, though energy generation and storage revenue declined 12% to $2.4 billion.
• Tesla used $2 billion for an equity investment in SpaceX and is building a semiconductor research fab in Texas following the completion of its AI5 inference processor design.
• Volume production for the Cybercab, Tesla Semi, and Megapack 3 is scheduled to begin in 2026, while production lines for the Optimus humanoid robot are currently being installed in California and Texas.

Tesla reports Q1 2026 deliveries of 358,023 vehicles and production of 408,386 units

• Model 3 and Model Y accounted for 95% of total deliveries with 341,893 units.
• Total vehicle production exceeded deliveries by 50,363 units during the quarter.
• Energy storage deployments reached 8.8 GWh for the period.
• Tesla will release full Q1 2026 financial results on April 22, 2026.

Tesla's FY25 revenue and vehicle deliveries decline, FCF up, with strategic pivot to AI and energy growth

• Full-year 2025 revenue decreased 3% to $94.8 billion, and GAAP operating income fell 38% to $4.4 billion, resulting in a 4.6% operating margin. Despite this, free cash flow increased 74% to $6.2 billion, and cash and investments rose by $7.5 billion to $44.1 billion.
• Total vehicle deliveries declined 9% year-over-year to 1.6 million units in 2025. In contrast, Energy generation and storage revenue grew 27% to $12.8 billion, with storage deployed increasing 49% to 46.7 GWh.
• Tesla is transitioning to a "physical AI company," with active FSD (Supervised) subscriptions reaching 1.1 million, up 38%. The company is shifting FSD to a monthly subscription model and began testing driverless Robotaxis in Austin in Q4 2025.
• Tesla plans to unveil the mass-production-ready Gen 3 Optimus robot in Q1 2026, with production targeted before year-end. The company invested $2 billion in xAI and plans to double its AI training compute capacity in H1 2026, while Cybercab, Tesla Semi, and Megapack 3 remain on schedule for 2026 volume production.

Tesla reports Q4 and full-year 2025 production, deliveries, and record energy storage deployments

• Tesla produced over 434,000 vehicles in Q4 2025 and delivered over 418,000 vehicles.
• Energy storage deployments reached a record 14.2 GWh in Q4 2025.
• For the full year 2025, Tesla produced 1,654,667 vehicles and delivered 1,636,129 vehicles.
• Full-year 2025 energy storage deployments totaled 46.7 GWh.

Tesla shareholders approve Elon Musk's 2025 Performance Award and Equity Incentive Plan, vote down supermajority requirement

• Elon Musk's new performance award consists of 423.7 million shares, estimated at $87.75 billion, tied to Tesla achieving 12 market capitalization milestones ranging from $2 trillion to $8.5 trillion, and operational goals including 20 million vehicle deliveries, 10 million active FSD subscriptions, 1 million bots, 1 million robotaxis, and up to $400 billion in Adjusted EBITDA.
• The amended 2019 Equity Incentive Plan reserves an additional 207.96 million shares specifically for Elon Musk Awards and 60 million shares for other employees, explicitly prohibiting Musk from receiving awards from the latter.
• Shareholders rejected a management proposal to eliminate supermajority voting requirements but approved a shareholder proposal to elect all directors annually.
• Shareholders re-elected Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson as Class III directors and approved executive compensation on an advisory basis.

Tesla reports Q3 2025 revenue grew, but GAAP profits declined significantly

• Total revenue grew 12% to $28.1 billion, but GAAP operating income decreased 40% to $1.6 billion, and GAAP net income fell 37% to $1.4 billion. Free cash flow, however, increased 46% to $4.0 billion.
• The company achieved record vehicle deliveries of 497,099, up 7% year-over-year, and record energy storage deployments of 12.5 GWh, an 81% increase. Vehicle production decreased 5%.
• Tesla launched lower-priced Model 3 and Y Standard in the US and expanded its Robotaxi efforts with FSD v14 deployment and a Bay Area ride-hailing service.
• Future production plans include Megapack 3 at Megafactory Houston in 2026, a lithium refinery in Texas in Q4 2025, and volume production for Cybercab, Tesla Semi, and Optimus starting in 2026.

Tesla reports record Q3 2025 vehicle deliveries and energy storage deployments

• Tesla delivered 497,099 vehicles, including 481,166 Model 3/Y and 15,933 Other Models.
• Vehicle production reached 447,450 units, with 435,826 Model 3/Y and 11,624 Other Models.
• The company deployed a record 12.5 GWh of energy storage products.
• Tesla will release its full financial results for the quarter on October 22, 2025.

Tesla enhances indemnification for directors and officers to attract and retain talent

• The agreement provides broad indemnification for expenses, including legal fees and settlements, and advances costs within 30 business days.
• Repayment of advanced expenses is unsecured, interest-free, and only required if a court ultimately denies indemnification.
• Tesla waives rights to seek contribution or subrogation from indemnified individuals.
• The company commits to maintaining Directors & Officers liability insurance and provides enhanced control over defense in certain change-of-control scenarios.

Tesla's Board approves 96 million interim restricted shares for Elon Musk amid 2018 award litigation

• The shares vest over two years, contingent on Musk's continuous service as CEO or an executive officer, and he will pay $23.34 per share. A five-year holding period applies from the August 3, 2025 grant date.
• A "No Double Dip" provision ensures the award is forfeited or reduced if the Tornetta lawsuit allows Musk to fully exercise his 2018 CEO Award, preventing duplicate compensation.
• Tesla does not expect to recognize a compensation expense initially, as the performance condition tied to the lawsuit outcome is not deemed probable. The award has an illustrative fair value of approximately $23.7 billion.
• The award aims to compensate Musk for past work, retain him, and incentivize his focus on Tesla's AI, robotics, and related services, while also increasing his voting rights.

Tesla's Q2 revenue and operating income declined significantly due to lower automotive sales, pricing, and deliveries.

• Total revenue decreased 12% to $22.5 billion, driven by a 16% drop in automotive revenues due to lower vehicle deliveries, reduced regulatory credits, and decreased average selling price. Vehicle inventory rose to 24 days of supply from 18 days a year ago.
• Services and other revenue grew 17%, while energy storage deployments increased 2% year-over-year, marking the 12th consecutive quarterly record for trailing twelve-month deployments.
• Tesla began building a more affordable vehicle model in June, with volume production planned for the second half of 2025, and expects volume production for Semi and Cybercab in 2026.
• The company is on track to begin production at lithium refining and cathode plants in 2025, and expects domestic production of LFP cells for energy storage to start later this year.

Tesla schedules 2025 annual meeting, sets shareholder proposal deadlines

• The 2025 annual meeting is scheduled for November 6, 2025.
• Shareholders must submit proposals for inclusion in the proxy statement by July 31, 2025.
• For matters presented without inclusion in proxy materials, notice must be given between July 9, 2025, and August 8, 2025.

Tesla reports Q2 2025 production of 410,244 vehicles and deliveries of 384,122

• Production of Model 3/Y vehicles totaled 396,835, with 373,728 deliveries.
• Production of Other Models was 13,409, with 10,394 deliveries.
• Tesla deployed 9.6 GWh of energy storage products in the quarter.
• Full financial results for Q2 2025 will be announced after market close on July 23, 2025.

Tesla names Jack Hartung, former Chipotle President and CFO, to its Board and Audit Committee

• Hartung served over 20 years at Chipotle, most recently as President and Chief Strategy Officer, and previously as CFO, overseeing finance, supply chain, and strategy as the company grew to over 3,700 restaurants.
• He will also serve on Tesla's Audit Committee, effective June 1, 2025.
• Mr. Hartung has waived cash and equity compensation for his board service until further notice.

Tesla amends bylaws, restricting shareholder actions and waiving jury trials

• Shareholders must own at least 3% of outstanding shares to initiate or maintain a derivative lawsuit.
• Shareholders waive the right to a jury trial for certain internal claims, including derivative actions and breach of fiduciary duty.
• Shareholder action by written consent requires unanimous approval from all voting shareholders.
• Shareholders can nominate directors for inclusion in proxy materials if they continuously own at least 3% of capital stock for three years.

Tesla's Q1 revenue declines on automotive dip, prioritizes new vehicles and AI-driven growth

• Automotive revenue dropped 20% year-over-year, leading to a 9% overall revenue decline to $19.335 billion and a 66% decrease in GAAP operating income to $399 million.
• Energy generation and storage revenue increased 67% to $2.730 billion, with deployments up 154% to 10.4 GWh, and Services revenue rose 15% to $2.638 billion.
• Tesla plans new, more affordable vehicles for the first half of 2025, leveraging existing manufacturing to achieve over 60% production growth over 2024.
• The company aims for a Robotaxi pilot launch by June, with volume production in 2026, and Optimus pilot builds are expected in 2025.

Tesla produced 362,615 vehicles and delivered 336,681 in Q1 2025

• Tesla deployed 10.4 GWh of energy storage products.
• The Model Y line changeover across all four factories resulted in several weeks of lost production in Q1, though the ramp of the New Model Y is progressing well.

Tesla's 2024 GAAP net income falls 53% despite strong energy storage growth and future vehicle plans

• Total revenue grew only 1% to $97.69 billion in 2024, while GAAP net income declined 53% to $7.09 billion and operating income fell 20% to $7.07 billion.
• Energy generation and storage revenue surged 67% to $10.08 billion for the full year, with deployments increasing 114% to 31.4 GWh.
• Vehicle deliveries for 2024 were down 1% year-over-year, but the cost of goods sold per vehicle reached a record low of under $35,000 in Q4.
• Tesla plans to begin production of new, more affordable vehicles in the first half of 2025, leveraging existing manufacturing lines, and expects to launch unsupervised Full Self-Driving and Robotaxi services later in 2025.

Tesla achieves record Q4 vehicle deliveries and energy storage deployments

• Tesla delivered 495,570 vehicles in Q4 2024, while production was 459,445 units.
• Energy storage deployments reached a record 11.0 GWh in Q4 2024.
• For the full year 2024, Tesla produced 1,773,443 vehicles and delivered 1,789,226 vehicles.
• Full year energy storage deployments totaled 31.4 GWh.

Tesla reports Q3-2024 revenue of $25.2 billion and 17% EPS growth

• The cost of goods sold per vehicle decreased to approximately $35,100, its lowest level ever.
• The Energy business achieved a record gross margin of 30.5% and record Powerwall deployments, with 2024 energy storage deployments expected to more than double year-over-year.
• Cybertruck production increased sequentially and achieved a positive gross margin for the first time.
• Plans for new, more affordable vehicle models remain on track for the start of production in the first half of 2025.

Tesla produced 470,000 vehicles and delivered 463,000 in Q3

• Tesla produced 443,668 Model 3/Y vehicles and 26,128 Other Models.
• Deliveries included 439,975 Model 3/Y vehicles and 22,915 Other Models.
• The company deployed 6.9 GWh of energy storage products in the third quarter.
• Tesla will release its Q3 2024 financial results after market close on October 23, 2024.